Overview on possible coalitions and their market impact

Parliamentary election

Development of the forecasts of individual parties *

History of election forecast CDU/CSU

Source: Arithmetic average of polls of Allensbach, Emnid, Forsa, Forschungsgruppe Wahlen, GMS, Infratest dimap, INSA, own calculations; as of 09/25/2017

History of election forecast SPD

Source: Arithmetic average of polls of Allensbach, Emnid, Forsa, Forschungsgruppe Wahlen, GMS, Infratest dimap, INSA, own calculations; as of 09/25/2017

History of election forecast AfD

Source: Arithmetic average of polls of Allensbach, Emnid, Forsa, Forschungsgruppe Wahlen, GMS, Infratest dimap, INSA, own calculations; as of 09/25/2017

History of election forecast FDP

Source: Arithmetic average of polls of Allensbach, Emnid, Forsa, Forschungsgruppe Wahlen, GMS, Infratest dimap, INSA, own calculations; as of 09/25/2017

History of election forecast Die Linke

Source: Arithmetic average of polls of Allensbach, Emnid, Forsa, Forschungsgruppe Wahlen, GMS, Infratest dimap, INSA, own calculations; as of 09/25/2017

History of election forecast the Greens

Source: Arithmetic average of polls of Allensbach, Emnid, Forsa, Forschungsgruppe Wahlen, GMS, Infratest dimap, INSA, own calculations; as of 09/25/2017

A look at possible coalitions *

Predicted share of seats for CDU/CSU, FDP and the Greens in the Bundestag

Source: Arithmetic average of polls of Allensbach, Emnid, Forsa, Forschungsgruppe Wahlen, GMS, Infratest dimap, INSA, own calculations; as of 09/25/17

Predicted share of seats for CDU/CSU and SPD in the Bundestag

Source: Arithmetic average of polls of Allensbach, Emnid, Forsa, Forschungsgruppe Wahlen, GMS, Infratest dimap, INSA, own calculations; as of 09/25/17

* Deutsche Bank does not intent to promote a particular outcome to the German Election due to take place in Germany 2017. Readers should, of course, vote in the election as they personally see fit. Forecasts are based on assumptions, estimates, opinions and hypothetical models or analysis which may prove to be incorrect.

** All opinions and claims are based upon data on 08/29/17 and may not come to pass. This information is subject to change at any time, based upon economic, market and other considerations and should not be construed as a recommendation. Past performance is not indicative of future returns. Forecasts are based on assumptions, estimates, opinions and hypothetical models that may prove to be incorrect. Deutsche Asset Management GmbH.